Selected transactions follow for Macaron Sports Ltd. during the company's first month of business. The company uses a perpetual inventory system. Feb. 2 Sold $1,139 of merchandise to Andrew Noren on account, terms n/30. The goods had cost Macaron $750. 4 Andrew Noren returned for credit $139 of the merchandise purchased on February 2. The goods had cost Macaron $86 and they were returned to inventory. 5 Sold $756 of merchandise to Dong Corporation on account, terms 2/10, 1/30. The goods had cost Macaron $493. 8 Sold $848 of merchandise to Michael Collins for cash. The goods had cost Macaron $617. 10 Sold $924 of merchandise to Rafik Kurji, who paid with a credit card. The goods had cost Macaron $683. 14 Dong Corporation paid its account in full. 17 Andrew Noren purchased an additional $692 of merchandise on account, terms n/30. The goods had cost Macaron $412. 22 Sold $1,726 of merchandise to Batstone Corporation on account, terms 2/10, 1/30. The goods had cost Macaron $1,103. 28 Andrew Noren paid $1,000 on account. Date Account Titles and Explanation Debit Credit (To record sales) (To record cost of goods sold) (To record sales returns) (To record cost of goods returned) (To record sales) (To record cost of goods sold) (To record sales) (To record cost of goods sold) (To record sales) (To record cost of goods sold) Feb. 14 (To record sales) (To record cost of goods sold) (To record sales) (To record cost of goods sold)